Salt Lake City-based Intermountain Healthcare announced last month it would buy the Treasure Valley’s Saltzer Health.
Now, just a few weeks later, the newly-merged company will roll up into an even-larger organization.
Sanford Health of Sioux Falls, SD will merge with Intermountain, stitching together more than 70 hospitals and 435 clinics. The deal, which will need to pass muster with a federal review, means Saltzer will go from a small independent for-profit group of health clinics to part of a non-profit with $15 billion in annual revenue.
Intermountain operates primarily in Idaho, Utah and Nevada. Sanford operates a heavy concentration of facilities in North and South Dakota, but also has facilities as far as Oregon and California.
The combined entity will operate from a headquarters in Salt Lake, and Intermountain CEO Marc Harrison will retain that role for the newly merged group.
“Intermountain and Sanford have a shared vision of the future of healthcare and have the aligned values needed to better serve more communities across the nation,” Harrison said. “This merger enables our organizations to move more quickly to further implement value-based strategies and realize economies of scale. Through coordinated care, increased use of telehealth and digital health services, we will make healthcare more affordable for our communities.”
It’s the latest ownership twist for Saltzer. It went from an independent group, to a merger with St. Luke’s Health System that crumbled after an anti-trust lawsuit. It then reverted back to independent status before Ball Ventures Ahlquist purchased it in 2019.